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The Accounts Receivable balance and Allowance for Bad Debts for Turning Leaves Furniture at December 31,2019 , was $11,600 and $2,300 (credit balance). During 2020,

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The Accounts Receivable balance and Allowance for Bad Debts for Turning Leaves Furniture at December 31,2019 , was $11,600 and $2,300 (credit balance). During 2020, Turning Leaves Furniture completed the following transactions: a. Sales revenue on account, $266,300 (ignore Cost of Goods Sold). b. Collections on account, $218,800. c. Write-offs of uncollectibles, $5,700. d. Bad debts expense of $5,500 was recorded. Journalize Turning Leaves Furniture transactions for 2020 assuming Turning Leaves Furniture uses the allowance method. Post the transactions to the Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense T accounts, and determine the ending balance of each account Show how accounts receivable would be reported on the balance sheet at December 31,2020

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